jamoes

16 ms·

91.
by jamoes 13y ago
It's interesting how many problems the blockchain data structure solves for distributed systems. Bitcoin uses (and invented) the blockchain as a way to solve the double-spend problem of distributed e-cash systems. But the fact that the
92.
by jamoes 13y ago
It could also be that they're former "hackers" that were caught and turned into informants/employees/slaves in exchange for their eventual freedom. An example of this is Sabu ( https://en.wikipedia.org&#x2
93.
by jamoes 13y ago
> Meanwhile the systems developed by crypto researchers more than twenty years ago solve the same problem The difference is that those systems did not solve the "double-spend" problem. Every single prior ecash system required s
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by jamoes 13y ago
The pilot's job is about to be automated away. Worsening compensation is the first sign of this.
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by jamoes 13y ago
This blog post: http://deals.ebay.com/blog/whats-the-deal-with-bitcoins-anyw... is a concrete sign that ebay has at last some interest in bitcoin.
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by jamoes 13y ago
> He promptly told me that 1) I was diametrically incorrect in my choice for meeting her needs, and 2) it didn't matter, even in the least. This is why I hate talking to sales people in brick-and-mortar stores. Appearing confident r
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by jamoes 13y ago
So, if spending unilaterally stimulates the economy, then why stop at $1 trillion? Why not just spend quadrillions of dollars and really stimulate the economy? The answer is that the there is a very real opportunity cost to their spending
98.
by jamoes 13y ago
From my understanding (which may be wrong...), the requirement of "Reflect user-input in HTTP response bodies" is actually pretty important. If the application only does this on POST requests, then it should probably be fine. Sinc
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by jamoes 13y ago
> It uses literally billions of dollars in resources, some of the greatest minds of this generation to implement them, and cutting edge technology to secure its data The problem is when all that is working against you rather than for y
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by jamoes 13y ago
What exactly did they actually (in an objective sense) do wrong though? If the only thing they did wrong was "failing to comply with regulations", then maybe those regulations are wrong. The same way that googling certain terms is
101.
by jamoes 13y ago
> because you can turn it off I think the fear is that eventually they won't let you turn it off. Google has a habit of doing this type of thing with Gmail (eg the new UI, and the new compose)
102.
by jamoes 13y ago
How about built-in PGP? Even if google stored the private keys by default, it would be a huge step in the direction of getting people to actually use PGP and care about the privacy of their communication.
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by jamoes 13y ago
Good point. Fortunately, there haven't ever been any vulnerabilities so severe that the entire network was shut down until a software update could be released (as the grandparent said he was looking for with bitmessage).
104.
by jamoes 13y ago
Jeesh, why are people still putting up with Apple's domineering control over what they're allowed to do with their own devices? I know none of what you said is new news, but seeing it all come together like that really highlights the proble
105.
by jamoes 13y ago
So, even though it's inspired by bitcoin, it doesn't quite have the same rock-solid original implementation. Bitcoin would have collapsed if there were any major cryptographic bugs, but it turns out that "Entire classes of bugs [were] missi
106.
by jamoes 13y ago
Regardless of whether they were right, I really appreciate that they added the "... – if The Register understands the paper correctly – ..." clause. So many technical articles just get the facts wrong and pass them off as correct. I appreci
107.
by jamoes 13y ago
Maybe they can use the money to help settle the lawsuit [1] that TradeHill (a bitcoin exchange) has brought to them. [1]: http://venturebeat.com/2012/03/07/tradehill-sues-suing-dwoll...
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by jamoes 14y ago
Imagine reading a comment in 1995 that reads: "Are you seriously trying to say the Internet has more value than a multi-billion dollar retail company?" Bitcoin is like the Internet. It's an open protocol that changes the way we think about
109.
by jamoes 14y ago
Bitcoin technology allows something that has never before been possible in human history: Two individuals, that never meet in person, can trade with each other without placing any trust in a third party. The implications of this are far-rea
110.
by jamoes 14y ago
The investor class doesn't benefit from inflation, it's the banker class that benefits. Here's how it works: The banks have a balance sheet of debts owed to them. Some of the debts come from companies like General Motors and United Airlines
111.
by jamoes 14y ago
From 2003 to 2013, the price of AAPL rose from $11/share to over $400/share. Rapid price increase doesn't always mean "bubble". Sometimes innovative things are created.
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by jamoes 14y ago
> If so, then is a successful BTC economy just a different gold standard (and all its associated problems)? The main problem with gold standards, is that governments don't like them, because it makes it really hard to fund wars and othe
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by jamoes 14y ago
How low do you think it will crash when the bubble bursts? Do you think it will recover again, like it did last time, or do you this time it will stay low?
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by jamoes 14y ago
> deflation makes it more profitable to do nothing than to invest Saving is investing. You're investing in your ability to manage your risk at a future date. If you have no savings, then you are at risk of any minor problem (e.g. an
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by jamoes 14y ago
> shameless hoarding Hoarding is a derogatory term, intended to evoke an emotional response from the reader. I prefer the term "saving". > Why lend, why build new companies, when simply storing it is more than enough? Take shocks su
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by jamoes 14y ago
He only got into that situation because he was using the software in a non-standard way, and he inadvertently deleted the "change-wallet" that had automatically been created for him. As long as you use the software in a relatively standard
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by jamoes 14y ago
> But if you're going to stand here and imply that Bitcoin is a superior store of value to the US dollar, well I cannot abide that sort of nonsense, sir. Not one bit. The cool thing about bitcoin is that it doesn't matter if you abide b
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by jamoes 14y ago
I am wary of truecrypt. It is open source, but the development is not open. It's also "exceedingly difficult to generate binaries from source that match the binaries provided by Truecrypt (due to compiler options, etc.)"[1] [1]: http://www
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by jamoes 14y ago
> The blockchain is huge This is only an issue if you're running a full-node. If you want to place limited trust in others, you can use a light client (like Electrum or blockchain.info), which are very easy to set up. > There is sti
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by jamoes 14y ago
In Germany, there's a bar called Room 77 that only takes bitcoins: http://www.npr.org/2012/06/01/154140277/berlin-restaurant-ex...

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